Prices have doubled in less than 10 years in 68 of the country’s largest 100 cities. To rub salt in the housing wound, even as recently as 2019, Detroit homes were half of what they cost now. Home prices in sunny Miami and Tampa, FL, have doubled since 2018, as they have in Baltimore, MD, and Spokane, WA, potentially in light of investor interest and urban revitalization efforts. Buyers in Irvine, CA, have been holding…
America’s Richest Families: The number of households that earn at least $1 million more than quadrupled between 2017 and 2022. After adding more than 100,000, the total number of households…
In Delta, BC, a whopping 80% of homes on the market are priced above $1 million — the highest high-end home concentration among Canada’s 70 biggest cities. Dethroned, Vancouver has the…
If completed units reveal the more immediate state of the housing market, housing starts and permitting activity are the canary in the coalmine: Fewer homes under construction and falling permits mean dwindling options for future buyers, adding more pressure to a market already strained by tight supply. In 2023, housing completions seemed solid: 1.4 million new homes hit the market, a 4.2% increase compared to 2022. The catch? The number of new homes increased only…
In Texas’ 15 largest cities, single people need 8 to 27 years to save up enough to cover the difference between what the bank will lend them and the price…
Buying a home is a hurdle race, and the down payment is the first — and possibly most discouraging — obstacle. That’s because, for many, 20% is simply out of…
In 50 of the country’s 100 largest cities, single people need 2 to 9 decades to save up enough to cover the difference between what the bank will lend them and the price of a starter home. In 5 cities, individuals would require just a few more months than couples to save up and become homeowners: Buying solo in Ohio’s Toledo and Cleveland, Detroit, MI, St. Louis, MO, and Memphis, TN wouldn’t take much longer…
With issues like inflation, the rapidly rising cost of living, and historically high mortgage rates, both homebuyers and sellers had a very challenging 2023. But, Canada’s owners are no strangers…
Cities in the Midwest and the South, spearheaded by Fort Wayne, IN, and Corpus Christi, TX, make up the majority of the top 10 large cities where homeownership could be…